David-Ross-and-Pat-Gallagher

Gallagher: Ardonagh conduct over energy defections raises “serious ethical issues”

2018-09-21T14:02:00+01:00

Gallagher has finally broken its silence over its bitter legal battle with UK intermediary Ardonagh Group by claiming its rival’s conduct over the recruitment of a six-strong London-based energy team in 2017 raises “serious ethical issues”.

aig city of london

AIG signals change in program strategy with Glatfelter acquisition

2018-09-21T16:12:00+01:00

American International Group (AIG) is to acquire Glatfelter Insurance Group, a Pennsylvania-based program manager and broker, in a sign that they are returning to the program space after a recent retrenchment under its previous management.

John-parry-calendar

Outgoing Lloyd’s CFO Parry delays exit

2018-09-21T14:29:00+01:00

Lloyd’s chief financial officer (CFO) John Parry has extended his contract and will now remain at the Corporation until April 2019.

UPC-&-Tokio-Marine-Kiln

Tokio Marine Kiln backs new AM Best rated US insurer

2018-09-21T06:27:00+01:00

Fast-expanding Florida-based insurer United Insurance Holdings (UPC Insurance) has secured its first ever AM Best rating for a new carrier it is launching in partnership with Tokio Marine Kiln to write homeowners and commercial residential property business.

Lloyd's-calandar

Lloyd’s returns to profit in H1 with 95.5 percent CR

2018-09-21T06:36:00+01:00

The Lloyd’s market has posted pre-tax profits of £0.6bn for the first six months of 2018, marking a return to profit following the severe catastrophe experience in 2017, which pushed Lloyd’s to a full year £2bn loss, its worst since 2001.

aig city of london

AIG signals change in program strategy with Glatfelter acquisition

2018-09-21T16:12:00+01:00

American International Group (AIG) is to acquire Glatfelter Insurance Group, a Pennsylvania-based program manager and broker, in a sign that they are returning to the program space after a recent retrenchment under its previous management.

John-parry-calendar

Outgoing Lloyd’s CFO Parry delays exit

2018-09-21T14:29:00+01:00

Lloyd’s chief financial officer (CFO) John Parry has extended his contract and will now remain at the Corporation until April 2019.

UPC-&-Tokio-Marine-Kiln

Tokio Marine Kiln backs new AM Best rated US insurer

2018-09-21T06:27:00+01:00

Fast-expanding Florida-based insurer United Insurance Holdings (UPC Insurance) has secured its first ever AM Best rating for a new carrier it is launching in partnership with Tokio Marine Kiln to write homeowners and commercial residential property business.

Lloyd's-calandar

Lloyd’s returns to profit in H1 with 95.5 percent CR

2018-09-21T06:36:00+01:00

The Lloyd’s market has posted pre-tax profits of £0.6bn for the first six months of 2018, marking a return to profit following the severe catastrophe experience in 2017, which pushed Lloyd’s to a full year £2bn loss, its worst since 2001.



Brexit

Brexit whitepaper presents 'worrying' challenge for brokers

As plans for mutual market recognition are thrown off the negotiating table, the market now has to make the most out of “enhanced equivalence”, a term not so easily defined by brokers

lloyds sign

Is Lloyd’s facing an existential crisis?

Industry sources question the Corporation’s ability to change as much as it needs to in order to maintain its relevance

John-Neal-&-Canegie-Brown-Lloyd's

Spotlight on Lloyd’s and its reform agenda

The focus is on Lloyd’s – and its new CEO-elect John Neal – at this year’s Rendez-Vous. But what the recent recruitment process also revealed was how chairman Bruce Carnegie-Brown expects to see positive change implemented in the market…

Brexit

Brexit whitepaper presents 'worrying' challenge for brokers

As plans for mutual market recognition are thrown off the negotiating table, the market now has to make the most out of “enhanced equivalence”, a term not so easily defined by brokers

lloyds sign

Is Lloyd’s facing an existential crisis?

Industry sources question the Corporation’s ability to change as much as it needs to in order to maintain its relevance

John-Neal-&-Canegie-Brown-Lloyd's

Spotlight on Lloyd’s and its reform agenda

The focus is on Lloyd’s – and its new CEO-elect John Neal – at this year’s Rendez-Vous. But what the recent recruitment process also revealed was how chairman Bruce Carnegie-Brown expects to see positive change implemented in the market…



John-Neal

The toughest job in (re)insurance…

Right now, there can be few tougher jobs than being the next CEO of Lloyd’s because of the strategic challenges the market faces and the difficulty of implementing change at any institution with no shareholders and – at times – fractious stakeholders.

US hurricane 2017

$350 billion of US run-off business now in play: Pro

The law formerly known as Regulation 68 may not sound like a revolutionary piece of legislation, but it has the potential to energise the US insurance market and release billions of dollars of capital in the non-life run off market, which in total is estimated at $350bn.

Japan flooding

Am I interrupting you?

It is perhaps hard to believe that since Hurricanes Katrina, Rita and Wilma battered the US in 2005, an issue which has long been a source of concern for reinsurers and retrocessionaires continues to be of major concern, writes Gavin Coull, partner and head of reinsurance at law firm BLM.

John-Neal

The toughest job in (re)insurance…

Right now, there can be few tougher jobs than being the next CEO of Lloyd’s because of the strategic challenges the market faces and the difficulty of implementing change at any institution with no shareholders and – at times – fractious stakeholders.

US hurricane 2017

$350 billion of US run-off business now in play: Pro

The law formerly known as Regulation 68 may not sound like a revolutionary piece of legislation, but it has the potential to energise the US insurance market and release billions of dollars of capital in the non-life run off market, which in total is estimated at $350bn.

Japan flooding

Am I interrupting you?

It is perhaps hard to believe that since Hurricanes Katrina, Rita and Wilma battered the US in 2005, an issue which has long been a source of concern for reinsurers and retrocessionaires continues to be of major concern, writes Gavin Coull, partner and head of reinsurance at law firm BLM.